FPI vs. INDS
FPI (Farmland Partners Inc.) is a stock, while INDS (Pacer Benchmark Industrial Real Estate SCTR ETF) is REIT fund tracking the Benchmark Industrial Real Estate SCTR Index. Over the past 5 years, FPI returned -0.65%/yr vs 1.17%/yr for INDS. At a 0.38 correlation, their price movements are largely independent.
Performance
FPI vs. INDS - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a 1.54% return, which is significantly lower than INDS's 9.26% return.
FPI
- 1D
- -0.61%
- 1M
- -7.00%
- YTD
- 1.54%
- 6M
- 0.71%
- 1Y
- -9.94%
- 3Y*
- 0.20%
- 5Y*
- -0.65%
- 10Y*
- 3.23%
INDS
- 1D
- 0.50%
- 1M
- -0.06%
- YTD
- 9.26%
- 6M
- 9.15%
- 1Y
- 12.98%
- 3Y*
- 5.44%
- 5Y*
- 1.17%
- 10Y*
- —
FPI vs. INDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 1.54% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -39.15% |
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 9.26% | 7.78% | -12.69% | 17.72% | -32.68% | 54.61% | 12.62% | 42.25% | -1.14% |
Correlation
The correlation between FPI and INDS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.38 |
The correlation between FPI and INDS shifts across timeframes, from 0.38 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FPI vs. INDS — Risk / Return Rank
FPI
INDS
FPI vs. INDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) and Pacer Benchmark Industrial Real Estate SCTR ETF (INDS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPI | INDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.14 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.07 | -1.46 |
| Martin ratioReturn relative to average drawdown | -0.85 | 3.20 | -4.05 |
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Drawdowns
FPI vs. INDS - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, which is greater than INDS's maximum drawdown of -40.17%. Use the drawdown chart below to compare losses from any high point for FPI and INDS.
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Drawdown Indicators
| FPI | INDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -40.17% | -19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -25.09% | -12.23% | -12.86% |
Max Drawdown (3Y)Largest decline over 3 years | -25.09% | -26.96% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -40.17% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | — | — |
Current DrawdownCurrent decline from peak | -25.69% | -18.52% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -15.58% | -8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 4.06% | +7.67% |
Volatility
FPI vs. INDS - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 5.41% compared to Pacer Benchmark Industrial Real Estate SCTR ETF (INDS) at 4.91%. This indicates that FPI's price experiences larger fluctuations and is considered to be riskier than INDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPI | INDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.91% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 12.51% | +6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.07% | 16.59% | +6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.18% | 20.17% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 23.08% | +12.58% |
Dividends
FPI vs. INDS - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 4.85%, more than INDS's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.85% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
INDS Pacer Benchmark Industrial Real Estate SCTR ETF | 3.39% | 3.70% | 3.75% | 3.11% | 2.63% | 1.24% | 1.68% | 2.26% | 1.81% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPI and INDS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (5.41%) compared to INDS (4.91%). In terms of maximum drawdown, FPI dropped -59.77% vs INDS's -40.17%.
INDS currently has the higher Sharpe Ratio (0.79 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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